The Industrial History of EnglandGibbins, Henry de Beltgens
History
The Industrial History of England
Gibbins, Henry de Beltgens
Great Britain -- Economic conditions; Industries -- Great Britain -- History
§ 5. PRICES OF PROVISIONS—Now, although there was a great rise in the
price of labour, the price of the labourers’ food did not rise in
proportion. The price of provisions, indeed, was but little affected,
for food did not require much manual labour in its production, and
hence the rise of wages would not be much felt here. What _did_ rise
was the price of all articles that required much labour in their
production, or the cost of which depended entirely upon human labour.
The price of fish, for instance, is determined almost entirely by the
cost of the fisherman’s labour, and the cost of transit. Consequently
we should under these circumstances expect a great rise in the price
of fish, and such indeed was the case. So, too, there was an enormous
increase in the prices of tiles, wheels, canvas, lead, ironwork, and
all agricultural materials, these being articles whose value depends
chiefly upon the amount of labour spent over them, and upon the cost
of that labour. Hence, both peasant and artisan gained higher wages,
while the cost of living remained for them much the same; and those who
suffered most were the owners of large estates, who had to pay more for
the labour which worked these estates, and more too for the implements
used in working them.
{73}
§ 6. EFFECTS OF THE PLAGUE UPON THE LAND-OWNERS—The fact that the
larger land-owners found the cost of working their land doubled or
even trebled caused important economic changes. Before the Plague
the cost of harvesting upon an ordinary estate, quoted by Professor
Rogers, was £3, 13_s._ 9_d._: afterwards it rose to £12, 19_s._ 10_d._
Moreover, the landlord had to consent to receive lower rents, for many
tenants could not work their farms profitably with the old rents, and
the new prices for labour and implements. And, as rent is paid out of
the profits of agriculture, it was obvious even to the landlord that
smaller profits meant lower rents. Now, in this state of things, the
landlord had two courses open to him. He could turn off the tenant and
cultivate all his land himself; or he could try and exist upon the
smaller income gained from lower rents. It was obviously impossible
for him to cultivate all his land himself, for he would have to employ
a large number of bailiffs for his various manors, and trust to their
honesty to do their best for him. Moreover, he would have to pay his
bailiffs, while after all his tenants paid him something, though less
than formerly. So he decided to allow his tenants to pay him a smaller
rent. What is more, he decided under the circumstances to give up
farming altogether, and let even the lands which he had reserved for
his own cultivation. The landlords, in fact, had not apparently either
the ability or the inclination to superintend agriculture under these
changed conditions, and gave up trying to work their land themselves.
So that one great result of the Plague was that landlords to a large
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account